Welcome to our dedicated page for Ford Motor Company news (Ticker: F), a resource for investors and traders seeking the latest updates and insights on Ford Motor Company stock.
Ford Motor Company (NYSE: F) is a global leader in the automotive industry, headquartered in Dearborn, Michigan. With a robust workforce of approximately 177,000 employees and 67 plants worldwide, Ford operates across six continents. The company manufactures and distributes a diverse range of automotive products under its flagship brands, Ford and Lincoln. Besides its automotive ventures, Ford provides extensive financial services through the Ford Motor Credit Company.
Ford’s operations are segmented into distinct business units to streamline its focus and innovation. In March 2022, the company introduced Ford Blue and Ford Model e as separate entities under the main Ford Motor umbrella. Ford Blue is dedicated to the development of combustion engine vehicles, while Ford Model e focuses on the creation of electric vehicles (EVs) and pioneering software solutions.
As of 2023, Ford holds a substantial market presence with nearly 13% market share in the United States, about 11% in the United Kingdom, and under 2% in China, including unconsolidated affiliates. Sales in the U.S. represent around 66% of Ford's total revenue for the year.
Recent achievements include the integration of the Webex app by Cisco into the all-new Ford and Lincoln Digital Experience, revolutionizing business mobility with seamless connectivity and immersive meeting experiences. This collaboration enables users to work from anywhere with advanced features such as AI background noise removal, further integrated into the vehicle’s native infotainment system.
In another notable development, Ford acquired the naming rights for the ultra-luxury Ford Amphitheater in Colorado Springs. This venue, slated for a grand opening in August 2024, reflects Ford's commitment to enhancing brand visibility through premium venue signage and exclusive event partnerships.
Ford’s strategic Ford+ plan for growth emphasizes maximizing existing strengths, integrating new capabilities, and maintaining continuous customer engagement. The company’s product lineup includes iconic Ford trucks, SUVs, commercial vans, and Lincoln luxury vehicles, along with cutting-edge connected services. Ford Blue leads in engineering traditional gas-powered vehicles, Ford Model e spearheads breakthrough EVs, and Ford Pro focuses on expanding the reach of commercial vehicles and services.
For more detailed information on Ford Motor Company's broad spectrum of products and services, please visit their official website at corporate.ford.com.
Ford Motor Company will have its director of Business Operations, Alex Purdy, participate in a fireside chat with analyst Chris McNally at the Evercore ISI Autotech & AI Forum on September 22 at 11:00 a.m. ET. Purdy will outline Ford's Ford+ plan focused on enhancing connected services through software development and tech partnerships, aimed at fostering lasting customer relationships and generating recurring revenue. This strategy is set to expand Ford’s market reach and create value for stakeholders.
Ford Motor Company and Walmart have announced a collaboration to launch an autonomous vehicle delivery service in Miami, Austin, and Washington, D.C.. This initiative marks Walmart's first multi-city autonomous delivery project in the U.S., utilizing Ford's self-driving vehicles equipped with Argo AI technology. The service aims to enhance last-mile delivery, meeting growing consumer expectations for speed and convenience. Initial testing will begin later this year, with plans for expansion as the service develops.
LexisNexis Risk Solutions and Ford Motor Company announced a strategic agreement to provide U.S. auto insurers access to Ford connected vehicle data. This initiative aims to enhance usage-based insurance (UBI) programs for Ford and Lincoln drivers of eligible 2020 models, potentially lowering their insurance costs through personalized offerings. The partnership allows insurers to better segment risk using driving behavior insights gleaned from the LexisNexis Telematics Exchange, benefiting consumers seeking cost savings in vehicle ownership.
Ford Pro, a dedicated business unit within Ford, has announced a new leadership team aimed at enhancing services for commercial and government clients. The team, led by CEO Ted Cannis, includes executives from diverse backgrounds, tasked with improving customer uptime and reducing ownership costs. Ford aims to generate $45 billion in revenue from its services by 2025, up from $27 billion in 2019. The company is also expanding its service centers and mobile service offerings to better serve its client base.
Ford announced significant operational changes in India, including ceasing vehicle manufacturing while expanding its Business Solutions team. The company will grow its employee base to focus on engineering and technology amidst accumulated losses exceeding
Ford's COO, Lisa Drake, will address the company's advancements in environmental sustainability and its electric vehicle strategy at the Morgan Stanley Laguna Conference on September 13 at 1:30 p.m. ET. She will discuss the electrification of iconic models like the F-150 Lightning and Mustang Mach-E, highlighting vertical integration in battery production and recycling as crucial for cost competitiveness and environmental benefits. This session aims to showcase Ford's commitment to leading the electric revolution.
Ford has appointed Doug Field as its chief advanced technology and embedded systems officer, effective immediately. Field, previously VP at Apple and a former senior vice president at Tesla, will report to President and CEO Jim Farley. He is tasked with leading the development of the Blue Oval Intelligence tech stack, aiming to enhance Ford's connected vehicle experiences. Field will collaborate with Hau Thai-Tang to advance Ford's Ford+ growth plan, focusing on innovations in embedded software and hardware.
Ford Motor Company (NYSE: F) announced its August 2021 U.S. sales results, highlighting the F-Series performance, which surged by 11 percent compared to July, marking the best performance since the semiconductor chip shortage began. Additionally, the F-150 Lightning has amassed over 130,000 reservations, indicating strong demand for its electric vehicles. This success is part of Ford's strategy to leverage its strengths in electrification and connected vehicle services.
Brian Schaaf, CFO of Ford Motor Credit Company, is set to hold a fireside chat at the J.P. Morgan Automotive Conference on August 12 at 11:25 a.m. The discussion will cover Ford Credit's financial results, funding, liquidity, and portfolio performance, followed by a Q&A session. Participants can join the online webcast.
Ford Motor Company (NYSE: F) reported its U.S. sales results for July 2021, highlighting ongoing efforts in building a better world through its Ford+ growth plan. The company is focused on electrification, connected vehicle services, and mobility solutions, aiming to deepen customer loyalty. Ford employs around 182,000 people worldwide, designing and manufacturing a diverse range of vehicles including trucks, vans, and luxury cars. For further details, visit their official site.
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